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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Fort Worth calls Nov. 4 election for funding of new Will Rogers arena

By Scott Nishimura
snishimura@bizpress.net

The Fort Worth City Council unanimously voted to call a Nov. 4 election on funding a new 14,000-seat multipurpose arena at the Will Rogers Memorial Center.

Three sources of funding will be on the ballot:

  • A tax on tickets sold to events held at the arena, capped at 10 percent of the ticket price;
  • A tax on parking in a parking facility that serves the arena, capped at $5 of the total parking charge at the time of the arena’s first public event; 
  • A tax on each stall or pen used or occupied by livestock during events at the arena, capped at $1 a day and up to $20 for an event.

City officials have said their goal is that new revenue volume generated by the arena would overtake the need to raise tax rates.

City officials estimate the arena would cost $450 million. A nonprofit, Event Facilities Fort Worth, has committed to raise at least half that.

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